Jordan Roy-Byrne CMT, MFTA

It was a quiet week for Gold, Silver and the miners. Resistance remains at $2100 for Gold, while Silver remains well below $26. The miners lost 4%-5% on the week.

We cover the yearly, quarterly, monthly and weekly candle charts for Gold. Gold closed the year and quarter in strong fashion, but it needs to break $2100 to generate further momentum to the upside. Click Here to Learn About TheDailyGold Premium

The technical setup for gold and silver stocks is bullish as 2024 beckons. Putting macro aside, we focus on the price action for GDX and GDXJ as well as the breadth indicators for GDX and highlight a few comparisons. Click Here to Learn About TheDailyGold Premium

Next week brings a number of key timeframes for Gold, which closed the week at $2069. We want to see it maintain these levels as it closes the quarter and year especially. The gold and silver stocks may correct a bit next week but the medium term outlook looks bullish.

The signal is a steepening yield curve driven by a decline in the 2-year yield. This has preceded or coincided with nearly all recent market declines and recessions. There are a few examples of the 2-year yield declining but then making a lower high amid an over-bullish stock market. The market then declines considerably after … Continue reading

I have been writing about this for years, but it bears repeating because many gold bugs deny or gloss over its reality.   Although Gold is hovering around all-time highs, the precious metals sector will remain in a secular bear market until the stock market and the economy crack.   Let’s review the historical … Continue reading